Hilton Hotels & Resorts Signs Agreement for Hotel in Myanmar
YANGON, Myanmar—Hilton Worldwide marked its entry into the Burmese market with the signing of a management agreement with LP Holding Co. Ltd to manage Hilton Yangon in Kyauktada Township, Yangon, Myanmar. The first Hilton Worldwide property in Myanmar, the 300-room Hilton Yangon will also be the first Hilton Hotels & Resorts branded hotel and is scheduled to open in 2014. READER COMMENTS
"This agreement is a significant milestone for us as it represents both Hilton Worldwide's and the Hilton brand's entry into Myanmar. Backed by a strong partner like LP Holding Co. Ltd, we are very confident that as the first internationally branded hotel in Yangon, Hilton Yangon will set the benchmark for quality hospitality experiences catering to both domestic and international travelers," said Andrew Clough, senior vice president, development, Middle East & Asia Pacific, Hilton Worldwide.
The 21-storey Hilton Yangon is part of Centrepoint Towers, a mixed-use development which includes high-end retail boutiques and a premium office tower. The hotel will offer one all-day dining restaurant, two specialty restaurants, a sky bar and a lobby lounge. Offering a total of 1,400 square meters of event space including a 850-square meter ballroom, the hotel will also have an Executive Floor, a business center, a fitness center, a pool, a spa, and car park facilities.
"Today's announcement represents our first partnership with Hilton Worldwide and combines the expertise of a truly global, award-winning hospitality company with strong local market expertise. Myanmar, and Yangon in particular, is one of the most sought after destinations in Southeast Asia since the United States and United Kingdom lifted sanctions. Given the lack of internationally-branded, quality rooms in the market, Hilton Yangon is in a great position to take advantage of this undersupplied yet booming market," said Richard Mayhew, director, LP Holding Co. Ltd.